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Tim Sawatzky
Owner and Realtor® @ 2 Percent Realty West Coast. Urban Development, increase housing supply. Fair fees. Vancouver, South Surrey, Fort Langley.
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Tim Sawatzky 13h
Noticed less drama over the last few weeks. How were the holidays ?
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Tim Sawatzky Feb 17
Replying to @YVRHousing
This is great for our industry. The selling process they are brining is better (in person with agents on the ground with high end marketing) then what most agents offer charging 7/2.5.
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Aly F. Jiwan Feb 16
If truly cared about improving rental housing for tenants they would remove rent controls (rather than double-down w/ more rent control) which have been shown to be a terrible policy for tenants in every place they have been enacted.
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Tim Sawatzky Feb 14
Replying to @toromoney
A couple of those sold on 217a around 550k under asking just south of 3m. I am thinking the developers that built the bareland strata and others along busy 88th are going to have an extremely hard time.
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RateSpy.com 🇨🇦 Feb 14
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BC Liberal Caucus Feb 13
Catching an Uber or Lyft for your Valentine’s Day date COULD have been possible. But, the NDP continue to block ridesharing in British Columbia. Their excuses aren’t good enough anymore, read our plan here –
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Tim Sawatzky Feb 13
This is the equivalent of a buyers agent convincing their client to overpay by $100,000. Makes no sense to me. sellers make decisions based on net proceeds when they see an offer.
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Tim Sawatzky Feb 13
Thanks staff for clearing the roads. Awesome job. Got the kids to school safe this am.
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RateSpy.com 🇨🇦 Feb 12
"..We have to have an honest discussion on whether or not today’s homebuyers are being stress tested against rates that are realistic"—TREB Our thoughts on that here:
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Tim Sawatzky Feb 12
Housing market a bubble set to burst, Hilliard MacBeth says.... in 2014. So glad I didn’t listen to his advice. Slippery slope trying to predict the future.
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Tim Sawatzky Feb 12
“Only 4 homes remain” Nov 21 2018 “Only 3 homes remain” Feb 12 2019. On track to sell out in 8 months. 👏 Slow go for product north of 1.2m these days in the
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Tim Sawatzky Feb 11
NDP Government making housing affordable again? Renters pay. Most measures imposed by our government will have the opposite effect in the long run. Reduced rentals, and higher monthly rent.
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Jon Stovell Feb 11
Running a Purpose Built Rental profoma this morning and just so frustrated in light of current rental shortage that The feds are taking $30K per unit in GST on the Land and Building value. Even though there was an election promise to remove this. Goes right to the rent.
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Tim Sawatzky Feb 9
Replying to @rwittstock
The is having a huge impact on inventory. Many move up buyers have no choice but to stay put. Could result in historically low listings. domino effect that also reduces supply of rentals but
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John Pasalis Feb 7
I’m pro stress tests, but there is no doubt the implementation of them was botched. It protected banks, hurt many homeowners and moved the B debt to the private market which is leaving our economy more vulnerable! Policy makers should really stop patting themselves on the back
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RateSpy.com 🇨🇦 Feb 7
A typical 5yr fixed rate being offered to renewers at big banks is ~ 3.74% today. The lowest full-featured 5yr fixed rates elsewhere are 3.44% or less. Making an otherwise qualified but non-stress-test-compliant renewer pay 30 bps ($3912) more on an avg 5yr mtg is unjustifiable.
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UDI Fraser Valley Feb 1
At UDI's Fraser Valley Mayors' Panel, the Mayor "touted the local record of quick turnover, including about 4 - 6 weeks for most (housing) permits. One major project ... took just 10 days to process." Via
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Tim Sawatzky Feb 6
Replying to @roller2003
1m Mark is big for people needing Cmhc, less of a factor for conventional. That home you just mentioned is “not move in condition and needs work/ Reno’s” according to the selling agent. Probably a big reason it isn’t selling. existing tenancies could also be a factor.
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Tim Sawatzky Feb 6
Replying to @roller2003
That particular listing along with 6799 192 listed under market value to generate interest and sold over asking. Still high demand for coach homes in Clayton with 3 units. Especially under 1m. Those sold prices are still around 5-10% below peak.
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Michael Geller Feb 6
According to city's latest press release, from 2017 to 2018 the Empty Home Tax program resulted in 86 units being converted to rental accommodation. Not 25,000. Not 10,000. EIGHTY-SIX! Some 2nd homeowners are now renting so actual increase in rental stock is even less!
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